Net Equity Financial
Net Equity is a full service mortgage broker located in Nottingham, Maryland. Net Equity is dedicated to providing honest and fair mortgage solutions to our valuable clients.
What Can A Reverse Mortgage Do For You?
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There are many benefits of a reverse mortgage:
- Remain independent. A reverse mortgage allows you to remain in your home and retain home ownership.
- Stay in your home. It allows you to remain in your home and retain home ownership.
- No monthly mortgage payments. You need not pay back the reverse mortgage loan nor make any monthly mortgage payments until you permanently move out of the home. You are only responsible for your corresponding taxes and homeowners insurance.
- Tax-free money*. The money you receive from a reverse mortgage is not considered income, it is tax free and will not affect your Social Security or Medicare benefits. *Consult your tax adviser for a full explanation of tax related benefits.
- Freedom and flexibility. The money you get from a reverse mortgage is yours to use in any way you choose.